Cyber security scams, also known as cyber security threats, are becoming increasingly common as more businesses move to a cloud-based workspace. The more we work online, the more content there is for hackers to steal.
Most businesses think they are protected from cyber threats, but did you know 95 per cent of cyber security scams come from human error?
This means your business is likely susceptible to security threats without even realising it.
Understanding what some of the more common cyber security scams are and how you can spot them can help protect your business before something goes wrong.
Common types of cyber security scams
While cyber security scams come in all different forms, some of the most common include:
- Malware: Malicious software such as spyware, viruses, ransomware or worms. Malware breaches are a regular occurrence for businesses as it occurs in a network through a vulnerability. This is usually when a user clicks a dangerous link or email.
- Phishing: Sending fraudulent communications which appear to be from a reputable source in order to steal sensitive personal data.
- Man-in-the-Middle attacks (MitM): Better known as eavesdropping attacks. This is when the attacker inserts themselves into a two-party transaction which is unsecure.
- SQL (Structured Query Language) Interjection: When malicious code is inserted into a server that uses SQL which forces the server to reveal information it normally wouldn’t.
How to spot a cyber security scam in your business
Phishing scams are the easiest scams to spot as they’re usually in the form of an email, SMS or social media message. While they can look extremely authentic, there are a few things to look for to see if the communication is a phishing scam. Ask yourself these questions:
- Does the link in the message look legitimate?
- Can I find the mentioned website when I manually search for it?
- Can I find contact details of the sender?
- Do I have an account with the company or know the person contacting me?
If you answered no to any of these questions, you may have been targeted for a cyber security scam.
If you think your business has been targeted, you can report it to the Australian Cyber Security Centre who will investigate it for you.
Unfortunately, some cyber security scams like malware, MitM or SQL injections are difficult to spot without the correct software or IT solutions partner.
Luckily, our team provides a range of cyber security services to help protect your business before cyber-attacks occur.
By performing a cyber security and risk audit, we can assess the chances of your business being targeted and help you put the necessary protective measures in place.
What do I do if I fall for a cyber security scam?
The first thing to do is not panic. Cyber security scams are extremely common, and most people have made the mistake of falling for one.
If you have fallen victim to a scam, contact ScamWatch and report it today. If caught early, their team can assess the situation and work to stop the scam, or else they will work to find a solution if your systems do become affected by an IT scam.
While being aware of cyber security scams is great for your business, you don’t have to manage them on your own. Manage cyber security scams and threats before they become an issue.
If you’re looking for comprehensive financial advice, our team is here to help. Contact us today and we can provide you with ideas to help you achieve your financial goals.
Sourced from Strategic Group.
